Required information IThe following information applies to the questions displayed below) Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments-- Molding and Fabrication. It started, completed, and sold only two jobs during March- Job P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March) Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead 12,250 $16,350 $28,600 Estimated variable manufacturing overhead per machine-hour 2.30 3.10 Job P Job Q Direct materials $22,000 $12,500 Direct labor cost $28, 200 $11 100 Actual machine-hours used 2,600 1,700 Molding Fabrication 1,500 1,800 4,100 3,500 Total Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions 9-15, assume that the Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments.

Related Questions in Accounting Standard Codifications

for the company as a whole and for Jobs P and Q ( all data and questions relate to the month of March ): Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 10

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Solution-1 The first step is to calculate the estimated total overhead costs in Molding and Fabrication: Molding: Using the equation Y = a + bX, the estimated total manufacturing overhead...

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